What is Term Life Insurance?
Term life insurance provides coverage for a specific period of time, or "term" of years. If the insured person dies within the "term" of the policy and the policy is still in force (active), then the death benefit is paid out to the beneficiary.
This type of insurance typically allows clients to initially purchase more insurance coverage for less money (premium) than other kinds of life insurance. Primerica's "Buy Term and Invest the Difference" philosophy encourages clients to take this "difference" in premium and invest it for the future.
Do I Need Life Insurance?
If anyone is depending on your income or if you have obligations (debt, mortgage, etc.) that would fall to someone else to handle if you were to die, then the answer is, "Yes."
Life insurance acts as a substitute for income. Have you ever calculated how much you'll earn in your lifetime? Typically, over the course of your working years, the answer is usually "a fortune." The potential risk of losing that earning power – earnings you'll need to fund your family's biggest goals like buying a home, paying for your kids' education, reducing debt, saving for retirement, etc. – especially at the early or mid-point of those years, is what makes life insurance a necessity for most people.
THE PRIMERICA DIFFERENCE
With the latest technology and underwriting processii, we can offer clients an easier, straightforward and convenient way to purchase term life insurance – all with the personal support of our licensed Primerica representatives.
- Advanced technology can provide an underwriting decision with actual rates in real-time in many cases.
- Policies are written in plain language, so terms and conditions are easy to understand.
- Faster processing of applications.
- Receive personalized service from a licensed Primerica representative in the local area.
A local representative is ready to help you find the best term life insurance product for your unique needs.
PRIMERICA TERM LIFE INSURANCE OFFERS AFFORDABLE PROTECTION
You need term life insurance. A common misconception about life insurance is that it is a permanent need for each family. Many financial experts see life insurance as a tool to "buy time" until you accumulate savings – and not as a permanent fixture of your financial life. Term life insurance is generally much more affordable in the initial years to provide the right amount of coverage you really need for your family.
PRIMERICA LIFE INSURANCE
Primerica's life insurance companies offer affordable term life insurance protection ranging from a 10-year level premium policy all the way up to a 35-year level premium policyii. The recognition received by our life insurance companies reflects our dedication to deliver term life insurance products to our clients.
GROUP INSURANCE THROUGH WORK MAY NOT BE ENOUGH
Many employers carry a group life insurance policy for their employees. If that's the case for you, is it really necessary to own an individual policy?
Group insurance can play a role in protecting your family, financially, but it's only a small part of that protection. Group insurance typically only covers one to two years' salary, is owned by your employer and usually only covers you while you remain employed. If you leave that job or get laid off, your employer-sponsored coverage ends. With a Primerica term life insurance policy, you're covered until age 95 and your policy remains in effect as long as you keep your premiums current.
HOW MUCH LIFE INSURANCE DO YOU NEED?
If your family is like most, the answer to that question is probably more than you currently have. Ten times your annual salary is a good rule of thumb. Your Primerica representative can help you determine how much life insurance you need, and many other questions you might have about your household finances, with a Financial Needs Analysis (FNA)
WHEN SHOULD YOU PURCHASE LIFE INSURANCE?
People sometimes delay purchasing life insurance even though it exists to protect their loved ones' well-being – and they do so for several reasons. Death isn't something we like to think about. It's uncomfortable to consider what could happen to those who most care about you. Some people have the mistaken belief that there's no hurry. It's always something they can deal with tomorrow. But, none of us knows what tomorrow will bring.
The fact is that the younger you are, and the better your physical shape, the less expensive life insurance will be. And, remember, this should not be an "Internet decision," but a face-to-face (whether virtual or in-person) decision with an insurance professional to fully assess your insurance needs, answer your questions, and help you make the decisions you need to make to protect your family. Buying life insurance has never been easier – and the time to buy is now.
PRIMERICA SERVES FAMILIES JUST LIKE YOURS
Over 5.7 million lives are insured through our life companies – Primerica Life Insurance Company, Primerica Life Insurance Company of Canada, and National Benefit Life Insurance Company. We have $917 billion of term life insurance in force and pay out an average of $5.3 million in benefit claims every day. Primerica's life companies are among the few that offer 35-year term policiesii.
Contact Your Local Representative
Find out how your Primerica Representative can help you protect your family and get on track for your financial goals.
Numbers reflect the combined totals or daily average, as indicated above, as of, or for the year ended, December 31, 2022, for the following affiliated companies: Life Insurance: National Benefit Life Insurance Company (Home Office: Long Island City, NY) in New York; Primerica Life Insurance Company (Executive Offices: Duluth, GA) in all other U.S. jurisdictions; Primerica Life Insurance Company of Canada (Head Office: 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, Phone: 905-812-2900) in Canada. Investments: In the United States, securities are offered by PFS Investments Inc. (PFSI), 1 Primerica Parkway, Duluth, Georgia 30099-0001; In Canada, mutual funds are offered by PFSL Investments Canada Ltd., mutual fund dealer, and segregated funds are offered by Primerica Life Insurance Company of Canada, Head Office: 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, Phone: 905-812-2900. Each company is responsible for its own financial obligations.
* Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies.In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia. In Canada: Term life insurance products and Common Sense Funds segregated fund products are underwritten by Primerica Life Insurance Company of Canada, Head Office: Mississauga, Ontario. Not all products are available in all states or provinces. Securities offered by PFS Investments Inc., 1 Primerica Parkway, Duluth, GA 30099-0001; 770-381-1000, in the U.S., and PFSL Investments Canada Ltd., Mutual Fund Dealer, 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, 905-812-2900 in Canada.
Primerica PrecisionTerm term life insurance policy form ICC21PA0 or PLF22PA0 in all U.S. jurisdictions, excluding New York state. In Canada, Primerica PrecisionTerm life insurance is policy form ZLF22PA0G. Primerica PowerTerm term life insurance policy form ICC21QA0 or PLF22QA0 in all U.S. jurisdictions, excluding New York state. In Canada, Primerica PrecisionTerm life insurance is policy form ZLF22QA0G.
TermNow term life insurance policy form NBF17DA1 and CustomAdvantage term life insurance policy form NBF17CA1 in New York state.
iiNot all products available in New York.
iiiInvestor's Business Daily #1 Most Trusted Life Insurance Company: Survey results are presented solely with respect to Primerica's US term life insurance business. Term life insurance underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, NY in New York State; Primerica Life Insurance Company, Executive Offices: Duluth, GA in all other U.S. jurisdictions; and Primerica Life Insurance Company of Canada (Head Office: 6985 Financial Drive, Suite 400, Mississauga, ON, L5N 0G3, Phone: 905-812-2900) in Canada.
ivForbes 2022 America's Best Insurance Companies: Recognition presented by Forbes and Statista. Insurance companies were identified through an independent survey of more than 16,000 U.S. consumers with at least one insurance policy. The survey considered customers' overall recommendations, their general satisfaction and ratings in five specific areas. In the U.S., term life insurance is underwritten by Primerica Life Insurance Company. Executive Offices Duluth, GA except New York, and National Benefit Life Insurance Company, Home Office: Long Island City, NY in New York State.